Wirecard
Line
- Markus Braun, CEO
- Wulf Matthias, Chairman
Wirecard AG (until 13 March 2005: InfoGenie AG) is a publicly traded technology and financial services company headquartered in the Bavarian Aschheim, a suburb of Munich. The company provides its customers with solutions for electronic payments, risk management, and the issuance and acceptance of credit cards. The Subsidiary Wirecard Bank AG has a German banking license and is a Principal Member for VISA and Mastercard. In addition, contracts are made with American Express, Discover / Diners Club, JCB and China UnionPay.
Products and services
Wirecard is an international provider of electronic payment and risk management solutions.
In the field of mobile payment Wirecard has contracted with leading telecommunications providers for technical services related to mobile payments with a smartphone based on the technology Near Field Communication (NFC) several contracts. To accept card payments using a smartphone or tablet with the payment processor offers partners a Mobile Card Reader on a white label program.
In November 2006, Wirecard launched the prepaid Internet payment service mywirecard. Customers can register online and open an account at the Wirecard Bank, which then recharge by bank transfer, direct debit, cash or deposit on the credit card. All customers receive basically a virtual prepaid MasterCard, also available as a plastic card. In addition, transfers of funds between Wirecard accounts can handle in real time.
Since 2010, the portfolio of the Bank is the mywirecard 2Go VISA, a prepaid credit card that can be purchased in retail and already charged when buying with credit. Before using this service is still online activation required.
The product Supplier and Commission Payments (SCP ) Wirecard based on the automatic publication of virtual credit cards and enables electronic payments to partners and suppliers, for example, for commission payments. For international payments via electronic delivery can be handled by virtual credit card numbers.
Indicators
As of December 31, 2012
Wirecard Bank
Since January 2006, the Wirecard Bank AG, part of the Wirecard Group and has a German banking license. The Bank has entered into agreements with leading card organizations and can be used for their credit and debit card brands card acceptance agreements ( acquiring) close. Wirecard Bank is a member of the Federal Association of German Banks and the Deposit Insurance Fund.
Technology
Wirecard Bank is affiliated with the cooperative center of GAD eG in Münster and uses as its core banking system whose software bank21.
Price manipulation
In the summer of 2008, the Protection of Investors ( SdK ) Wirecard accused of false or misleading accounting. As a result, Wirecard commissioned the accounting firm Ernst & Young with a special report for the fiscal year 2007. Later it was revealed that members of the SdK had speculated about contracts for difference on falling prices prior to the announcement of the deficits. Even fund managers of private bank Sal Oppenheim sat on falling prices and reported institutional investors to price manipulation before becoming aware of the allegations on the balance sheet errors. The company's stock fell by almost seventy percent thereafter.
Wirecard end of June 2008 filed a complaint with the public prosecutor against the managers of the private bank Sal Oppenheim and employees of SdK.
On April 6, 2010, shares of the company as a result of a false report of the Intelligence Service " Goldman, Morgenstern & Partners " ( GoMoPa ) again fell by more than thirty percent. BaFin announced, on April 7, 2010 to have opened a formal investigation. According GoMoPa press release of 26 October 2012, the investigation of the Munich prosecutor's office I was set against GoMoPa on suspicion of an offense under the Securities Trading Act defect detection on October 12th, 2012.